Tesla expects to raise Model 3 prices in Europe after EU tariffs on China EVs

Tesla expects to raise Model 3 prices in Europe after EU tariffs on China EVs

The new Tesla Model 3+ is on sale at a Tesla store in Hangzhou, Zhejiang province, China, September 26, 2023. 

Costfoto | Nurphoto | Getty Images

Tesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union said it could impose provisional higher tariffs on electric cars imported from China.

“We’re anticipating a requirement for us to increase pricing for Model 3 vehicles as of 1 July 2024,” a notice on Tesla’s website said. “This is due to additional import duties likely to be imposed on electric vehicles manufactured in China and sold in the E.U.”

This is a breaking news story. Please check back for more.

Original news source Credit: www.cnbc.com

You must be logged in to post a comment Login